Utah Has One of the Cheapest Gasoline Prices Today

Residents of Utah are enjoying some of the nation’s lowest gasoline prices today according to the state’s AAA. The current gasoline price for regular gas is $3.47, the fourth lowest price in the United States. That rate is also 6 cents cheaper compared to the past month and 7 cents below the previous year’s rate.

Utah’s gasoline prices reached its highest for the year, at $3.77 a gallon, in the month of May.

Nationwide, the current gasoline price average of $3.70 per gallon is higher by 10 cents compared to the same time last year and lower by 24 cents versus the highest average this year of $3.94, recorded last April.

Rolayne Fairclough, spokeswoman of AAA in Utah, said that several other states have gasoline prices today that are cheaper compared to last month, including Alaska, Hawaii and Colorado. Further, drivers are spending as much as 20 cents more than they were during the same time last month in almost 38 other states.

Issues of domestic inventories and distribution have affected prices nationwide during the past month, according to the report. The country’s average between July 6 and August 6 moved up by 13 cents, with seven Midwest states leading the list by having a gasoline price increase within the range of 20 to 45 cents a gallon during that period.

As issues on domestic inventory and distribution have pushed prices in regions upward, the rising per barrel oil prices have pressured the country’s prices higher still, said Fairclough. These increases are caused by mixed news on the global economy, supply worries from fresh geopolitical conflict with Iran and seasonal demand increases due to¬† the summer driving season, added Fairclough.

By: Chris Termeer